Wedbush Securities Inc. decreased its stake in United Community Financial Corp (NASDAQ:UCFC) by 6.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 377,020 shares of the savings and loans company’s stock after selling 25,288 shares during the quarter. Wedbush Securities Inc.’s holdings in United Community Financial were worth $3,442,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in United Community Financial by 1.7% in the 4th quarter. BlackRock Inc. now owns 3,336,439 shares of the savings and loans company’s stock worth $30,462,000 after buying an additional 54,841 shares in the last quarter. Bank of New York Mellon Corp lifted its position in United Community Financial by 10.6% in the 4th quarter. Bank of New York Mellon Corp now owns 299,622 shares of the savings and loans company’s stock worth $2,736,000 after buying an additional 28,784 shares in the last quarter. Wells Fargo & Company MN lifted its position in United Community Financial by 30.0% in the 4th quarter. Wells Fargo & Company MN now owns 79,308 shares of the savings and loans company’s stock worth $724,000 after buying an additional 18,315 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in United Community Financial in the 4th quarter worth approximately $223,000. Finally, Victory Capital Management Inc. lifted its position in United Community Financial by 6.6% in the 4th quarter. Victory Capital Management Inc. now owns 178,717 shares of the savings and loans company’s stock worth $1,632,000 after buying an additional 11,001 shares in the last quarter. Institutional investors own 59.57% of the company’s stock.
A number of research firms have issued reports on UCFC. BidaskClub downgraded shares of United Community Financial from a “hold” rating to a “sell” rating in a research report on Thursday. Boenning Scattergood reiterated a “hold” rating on shares of United Community Financial in a research report on Wednesday, January 24th. Finally, Zacks Investment Research downgraded shares of United Community Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. United Community Financial presently has an average rating of “Hold” and a consensus price target of $10.33.
United Community Financial Corp (NASDAQ UCFC) opened at $9.69 on Monday. The firm has a market cap of $482.56, a price-to-earnings ratio of 22.53 and a beta of 0.49. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.01 and a current ratio of 1.06. United Community Financial Corp has a twelve month low of $7.81 and a twelve month high of $10.23.
United Community Financial (NASDAQ:UCFC) last released its quarterly earnings results on Tuesday, January 23rd. The savings and loans company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $27.34 million for the quarter, compared to the consensus estimate of $26.98 million. United Community Financial had a net margin of 18.34% and a return on equity of 9.99%. sell-side analysts forecast that United Community Financial Corp will post 0.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.48%. This is an increase from United Community Financial’s previous quarterly dividend of $0.04. United Community Financial’s dividend payout ratio (DPR) is currently 55.81%.
In other news, EVP Matthew T. Garrity sold 35,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $9.47, for a total transaction of $331,450.00. Following the transaction, the executive vice president now owns 43,993 shares in the company, valued at approximately $416,613.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 36,200 shares of company stock worth $342,896 in the last 90 days. 3.56% of the stock is owned by insiders.
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United Community Financial Company Profile
United Community Financial Corp. is financial services holding company. The Company’s subsidiaries include The Home Savings and Loan Company of Youngstown, Ohio (Home Savings or the Bank), HSB Insurance, LLC and HSB Capital, LLC. The principal business of Home Savings is the origination of mortgage loans, including construction loans, on residential and nonresidential real estate located in Home Savings’ primary market area.
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